Rhumbline Advisers boosted its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,078 shares of the company’s stock after buying an additional 3,843 shares during the period. Rhumbline Advisers owned 0.14% of Telephone and Data Systems worth $4,079,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC increased its position in Telephone and Data Systems by 3.5% in the third quarter. TIAA CREF Investment Management LLC now owns 1,047,956 shares of the company’s stock valued at $28,483,000 after buying an additional 35,286 shares during the last quarter. BlackRock Inc. increased its position in Telephone and Data Systems by 66.2% in the third quarter. BlackRock Inc. now owns 445,600 shares of the company’s stock valued at $12,112,000 after buying an additional 177,454 shares during the last quarter. Sei Investments Co. increased its position in Telephone and Data Systems by 43.9% in the third quarter. Sei Investments Co. now owns 7,131 shares of the company’s stock valued at $193,000 after buying an additional 2,176 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Telephone and Data Systems by 1.8% in the third quarter. UBS Asset Management Americas Inc. now owns 105,953 shares of the company’s stock valued at $2,880,000 after buying an additional 1,900 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Telephone and Data Systems by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 1,549,778 shares of the company’s stock valued at $42,123,000 after buying an additional 60,218 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Telephone and Data Systems (NYSE:TDS)

Telephone and Data Systems, Inc. (NYSE:TDS) opened at 29.77 on Friday. The company has a 50-day moving average price of $29.16 and a 200 day moving average price of $28.37. Telephone and Data Systems, Inc. has a 1-year low of $20.83 and a 1-year high of $32.00. The stock has a market capitalization of $3.27 billion, a P/E ratio of 69.39 and a beta of 1.22.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.32 billion. Telephone and Data Systems had a return on equity of 0.76% and a net margin of 0.94%. The business’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. On average, equities analysts predict that Telephone and Data Systems, Inc. will post $0.36 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Friday, December 16th were given a dividend of $0.148 per share. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a $0.59 annualized dividend and a dividend yield of 1.99%. Telephone and Data Systems’s dividend payout ratio is presently 140.48%.

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Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Friday, November 11th. Drexel Hamilton set a $38.00 price objective on Telephone and Data Systems and gave the company a “buy” rating in a research note on Monday, October 3rd.

In other news, SVP Douglas D. Shuma sold 54,347 shares of the business’s stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $29.13, for a total transaction of $1,583,128.11. Following the completion of the transaction, the senior vice president now directly owns 28,099 shares in the company, valued at $818,523.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David A. Wittwer sold 25,300 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $25.38, for a total value of $642,114.00. Following the transaction, the insider now owns 9,440 shares of the company’s stock, valued at $239,587.20. The disclosure for this sale can be found here. Insiders own 17.30% of the company’s stock.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company conducts its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular). It provides Wireline services, cable services and hosted and managed services, through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

5 Day Chart for NYSE:TDS

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